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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
tritonyeah666 Elite	22-Nov-2020 20:22        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the next 2 weeks, the AstraZeneca vaccine 95-99% vaccine will be released, together with the XD of STA. This will crush it to 1-1.10 and below combined with a historical December sell-off in the Dow jones as per past history records.  Findings from the final stage of  AstraZeneca Plc&rsquo s vaccine studies are due to be released shortly, and the stakes for lower- and middle-income nations are immense. The shot developed with the  University of Oxford  accounts for more than 40% of the supplies going to those countries, based on deals tracked by London-based research firm Airfinity Ltd. The Astra vaccine costs a fraction of the price set by Pfizer and will be manufactured in multiple countries, from India to Brazil. It should be easier to deploy far and wide than other shots that need to be stored at ultra-cold temperatures. But if the U.K. partners can&rsquo t match the lofty efficacy levels Pfizer and Moderna delivered or roll out their inoculation quickly, the pandemic might continue spreading death and disease in countries relying on it.
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limjoeseph Supreme	22-Nov-2020 19:14        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	ln the next 12 mths, STA is all about earnings. And 3rd quarters earnings have beaten all analysts' expectations. I have made it a point that STA's short term correction is healthy for a medium to long term potential upside due to so called vaccine success which will be the catalyst for the explosive rubber demand as evident during the H1N1 period even after vaccine being rolled as consumers were looking forward to a synchronised global economic recovery even though global glove companies did not enjoy humongous profits as gloves supplies were then more than ample compared to this present juncture of widespread Global Covid 19 infections, we are now experiencing supplies shortage which likely to last for the next few quarters. But as STA is a rubber play as well, it will get the benefit of higher global rubber prices to parallel the H1N1 global rubber price rally. From next week onwards, I am pre-empting the rubber price recovery after recent correction to surmount recent high of TSR 20 Sicom at 180.4 uscts/kg before 1st half 2021 due to my experience of more 30 years experience in the rubber trade to make my judgemental call on potential rubber price rally which will likely translate to higher STA earnings from rubber contributions as evident in the HINI period whereby STA earnings came mostly from rubber in 2009 on US$221 full year profits and 2010 full year profits of US$344 million. 4th quarters profit projection for STA estimated to be US$157 whlst STGT at US$236 using US$48 per box for extrapolation erring on the conservative end compared to STGT management ASP gloves guidance of US$54 per box. As such, STA full year 2020 net profits is projected at US$288 million minimum. Looking back into the midst of time for comparison to End December 2009 H1NI period, the TSR 20 Sicom high was 290 uscts/kg whilst STA was 4.75 bahts and End December 2010 the TSR 20 high was 502 uscts/kg whilst STA hit 36.25 Bahts although TSR 20 all time high was in February at 570 uscts/kg and STA hit all time high of 41.25 all time high in January 2011. As such, after the short term dust settles we may expect the upward trend for STA to continue as I am already seeing the basing out of rubber prices after this recent correction which sent STA down more than 33 per cent drop of the rubber price coupled with vaccine news which dampened short term Global Glove counters including STGT as compared to NER correctional drop of only 22%. I have a target of TSR 20 Sicom nearby at 245.00 uscts/kg before 1st half 2021. Synopsis: Short Term: Neutral Medium To Long Term: Uptrend Intact. My Long Term Portfolio to date: Entries: STA Thai/Sing Entry: 28.25 bahts 12 Months Target Price 61 Bahts. STGT 75.25 Bahts 12 Months Target Price 118 Bahts. Recent buying on STA by following insiders: Chairos in October month for 1 million STA Thai at 27.75 STA MD in October and November month for 350K STA Sing at S$1.2475 Kittichai in November month for 70K STA Thai at 26.00 Bahts. These insiders' buying speak volume and faith in STA as a fundamentally sound company rooted on solid grounds on humongous profits contribution of 56% from STGT increased Gloves ASP for the next few quarters besides strong and decent rubber earnings on the back of potential rise of global rubber prices next year. On that score, potentially my target price for STA/STGT can be self fulfilling for a 12 months time line as STA price rise will hinge on its strong reported earnings for the next few quarters into 2021. NB: According to my priveleged Thai informant, STA will probably announce a dividend payout for full year 2020 results during the month of March 2021 after 4th quarters 2020 results release. As usual, due diligence is warranted to suit your own judgemental call as my penned contribution to this STA forum in SJ is not a buy recommendation for STA shares and not for contra or short term play but a medium to long term outlook. For an enjoyable Sunday Read for all STA Medium to Long Term Loyalists.
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OngBak Veteran	22-Nov-2020 19:08        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ah ha, Liongold.. gold everywhere, see how much u want only. Huat ah Wealth98      ( Date: 22-Nov-2020 18:58) Posted: For Liongold , im sure Triton will not shout down boy down or short !  So its super safe !  Wealth98      ( Date: 22-Nov-2020 18:55) Posted: While waiting for our Thai brother to rise high , go to LionGold to grab some cheap gold before its too late ! Once in a lifetime opportunity.. Dont Miss !
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Wealth98 Veteran	22-Nov-2020 18:58        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For Liongold , im sure Triton will not shout down boy down or short !  So its super safe !  Wealth98      ( Date: 22-Nov-2020 18:55) Posted: While waiting for our Thai brother to rise high , go to LionGold to grab some cheap gold before its too late ! Once in a lifetime opportunity.. Dont Miss !  den2328      ( Date: 22-Nov-2020 18:44) Posted: CIMB still maintains add for RS (TP $2.50) and UG (TP $1.70).  https://research.sginvestors.io/2020/11/riverstone-ug-healthcare-cgs-cimb-research-2020-11-20.html?fbclid=IwAR2d2MqoXtq1VKHFSeESCT5qM5iu4p6iS5W7SJgmK0dGBk1c3z311inwOdo& m=1 We remain positive on the fundamentals of glove makers following a session with industry group MARGMA at InvestSG this week
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Wealth98 Veteran	22-Nov-2020 18:55        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	While waiting for our Thai brother to rise high , go to LionGold to grab some cheap gold before its too late ! Once in a lifetime opportunity.. Dont Miss !  den2328      ( Date: 22-Nov-2020 18:44) Posted: CIMB still maintains add for RS (TP $2.50) and UG (TP $1.70).  https://research.sginvestors.io/2020/11/riverstone-ug-healthcare-cgs-cimb-research-2020-11-20.html?fbclid=IwAR2d2MqoXtq1VKHFSeESCT5qM5iu4p6iS5W7SJgmK0dGBk1c3z311inwOdo& m=1 We remain positive on the fundamentals of glove makers following a session with industry group MARGMA at InvestSG this week
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den2328 Senior	22-Nov-2020 18:44        den2328 About Contact  Quote this Post!
x 1   x 0  Alert Admin	CIMB still maintains add for RS (TP $2.50) and UG (TP $1.70).  https://research.sginvestors.io/2020/11/riverstone-ug-healthcare-cgs-cimb-research-2020-11-20.html?fbclid=IwAR2d2MqoXtq1VKHFSeESCT5qM5iu4p6iS5W7SJgmK0dGBk1c3z311inwOdo& m=1 We remain positive on the fundamentals of glove makers following a session with industry group MARGMA at InvestSG this week
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stanleytay Master	22-Nov-2020 17:00        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Technically I dont see any probable upside for STA yet, but if Ong Bak is looking to short SIA tomorrow.. maybe wait till above 4.28. May get played out by longs if you short too early OngBak      ( Date: 22-Nov-2020 13:56) Posted: Japan Korea HK all surged, vaccine talks will make the virus go away? All start to lock down again even our neighbour malaysia also. What green lanes la, travelbubbles la, is just trying to support os sustain the market. SIA/SATS and related stocks tomorrow will be shortists favourite
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OngBak Veteran	22-Nov-2020 14:12        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	But of cse, I didn't mean that STA will up tomorrow.. just to clarify. This counter very much depends on thai side
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tritonyeah666 Elite	22-Nov-2020 14:01        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, we will see lol.
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OngBak Veteran	22-Nov-2020 13:56        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	Japan Korea HK all surged, vaccine talks will make the virus go away? All start to lock down again even our neighbour malaysia also. What green lanes la, travelbubbles la, is just trying to support os sustain the market. SIA/SATS and related stocks tomorrow will be shortists favourite
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Superfast Supreme	22-Nov-2020 08:39        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gu mo nee... Frankly speaking, I don't think he accumulate.... Anyway, hope to see him soon.... Wealth98      ( Date: 21-Nov-2020 18:53) Posted: Superfast , you damn steady man , i like ! And i won' t be suprise that Triton will start to accumulate will start to accumulate bid by bid , lets face it , STA is a good stock that deserve a good rally like the rest .  I am waiting for that good moment , $1.50 will sure come back and then $1.80 and more !  Superfast      ( Date: 21-Nov-2020 12:33) Posted: 一 言 为 定 ！ Don later, act blur
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Wealth98 Veteran	21-Nov-2020 18:53        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Superfast , you damn steady man , i like ! And i won' t be suprise that Triton will start to accumulate will start to accumulate bid by bid , lets face it , STA is a good stock that deserve a good rally like the rest .  I am waiting for that good moment , $1.50 will sure come back and then $1.80 and more !  Superfast      ( Date: 21-Nov-2020 12:33) Posted: 一 言 为 定 ！ Don later, act blur ! tritonyeah666      ( Date: 21-Nov-2020 12:23) Posted: Superfast: I will lim kopi with you if STA ever goes back 1.50 which is never..lol
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Superfast Supreme	21-Nov-2020 12:33        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	一 言 为 定 ！ Don later, act blur ! tritonyeah666      ( Date: 21-Nov-2020 12:23) Posted: Superfast: I will lim kopi with you if STA ever goes back 1.50 which is never..lol
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Superfast Supreme	21-Nov-2020 12:31        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	U zhun bo? Ok... 1.50... 君 🈚 戏 言 ！ See you! tritonyeah666      ( Date: 21-Nov-2020 12:23) Posted: Superfast: I will lim kopi with you if STA ever goes back 1.50 which is never..lol
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tritonyeah666 Elite	21-Nov-2020 12:23        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Superfast: I will lim kopi with you if STA ever goes back 1.50 which is never..lol
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Superfast Supreme	21-Nov-2020 12:02        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Triton, wat are you doing? Wana lim kopi with me?? tritonyeah666      ( Date: 21-Nov-2020 11:39) Posted: https://www.theedgemarkets.com/article/asps-drop-even-glove-demand-stays-postpandemic-%E2%80%94-aminvestment-bank
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tritonyeah666 Elite	21-Nov-2020 11:39        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgemarkets.com/article/asps-drop-even-glove-demand-stays-postpandemic-%E2%80%94-aminvestment-bank
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OngBak Veteran	21-Nov-2020 10:00        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better to have STA tp higher haha . WBdisciple      ( Date: 20-Nov-2020 22:12) Posted: STGT Hikes 3% to ฿ 72.50 in Anticipation of the FTSE Inclusion,  Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation, The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) rose ฿ 2.00/share or 2.84% to trade at ฿ 72.50/share with a trading value of 789 million baht as of 15:15 local time in Thailand.   STGT slowly recovered from a slump over the past two weeks as the world cheered on a potential growth that MSCI included the stock into its Global Standard Index, which would come into effect as of the closing of November 30, 2020.  Meanwhile, STGT is expected to be included in FTSE All World as well. The announcement will be announced later today. Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation, as the net profit in 3Q20 which reported at 4,402 million baht was better than the market&rsquo s forecasts by 31-88%. Its net profit rose 3459% YoY and 316% QoQ due to higher average selling price by 89% YoY and 73% QoQ. CNS expected STGT to report a net profit for 4Q at 5,227 million baht as the security company projected the selling prices could edge higher by 20% compared to the previous quarter. Moreover, STGT would have a backlog to recognize until at least 1Q22.
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Superfast Supreme	21-Nov-2020 08:51        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gd morning mr triton.... The purpose is to accumulate more... N push it.... Come on, gloves 🧤 are still widely use n needed... tritonyeah666      ( Date: 21-Nov-2020 08:48) Posted: If fantastic Q3 results can't even push it up, u think this news would be able to?
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tritonyeah666 Elite	21-Nov-2020 08:48        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If fantastic Q3 results can't even push it up, u think this news would be able to?
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